Source: Tullow Oil
London-based Tullow Oil (LSX:TUL) reports that following the signing of the SPAs for the farmdown to China's CNOOC (NYSE:CEO) and France's Total (NYSE:TOT) on March 29, 2011, the exploration and appraisal program has been reactivated in the Lake Albert Rift Basin onshore Uganda.
Two wells are expected to commence drilling in Exploration Area 1 (EA 1) within the next two weeks. The OGEC 600 rig is preparing to spud the high-impact Jobi-East prospect, and the OGEC 750 rig is getting ready to drill the first Mpyo exploratory appraisal well to test its upside potential.
These wells are the start of a major program of exploration and appraisal drilling, seismic acquisition, and well testing to access the significant remaining upside potential in the Lake Albert Rift Basin and further expand the resource base for development.
“Tweneboa-4 is an important milestone as it is the final well to be drilled in the Tweneboa appraisal program,” said Angus McCoss, exploration director for Tullow. “The upcoming program of well testing in the Tweneboa field, along with drilling and well testing in the Enyenra field, will provide essential information on well deliverability, dynamic reservoir connectivity and hydrocarbon volumes, which will be used to optimize our development plans for these major fields.”
Ugandan project partners are also starting drilling again in the EA-1 section of the country, gearing up for a five-rig drilling campaign in the second half of 2011.